Kiavi vs. RCN Capital
A side-by-side on the fields both lenders publish, followed by a read on where they actually differ.
Read this before the table
Kiavi. Kiavi Funding LLC was acquired by Figure Technology Solutions. The acquisition closed 1 September 2026, and DSCR loans are now originated by Figure Lending LLC dba Figure. Figure has not published a timeline for combined guidelines or pricing, so the Kiavi figures on this page describe the program as it operated before the acquisition closed.
| Criteria | Kiavi Verified 17 Sep 2026 | RCN Capital Verified 17 Sep 2026 |
|---|---|---|
| Type | hard money | hard money |
| Headquarters | San Francisco, CA | South Windsor, CT |
| Founded | 2013 | 2010 |
| Geographic focus | National | National |
| States licensed | 49 states | 44 states |
| Products | fix-and-flip, BRRRR, rental, bridge, new-construction | fix-and-flip, BRRRR, rental, bridge, new-construction |
| Loan size range | $100,000–$2,000,000 | $100,000–$3,500,000 |
| Max LTV | 80% | 80% |
| Max LTC | 95% | 90% |
| Min credit score | 660 | 660 |
| Min DSCR | 0.80 | 1.00 |
| Terms | 12-24 months (hard money) / 30-year (rental) | 12-24 months (hard money) / 30-year (rental) |
| Typical close time | 7-14 days typical | 10-21 days typical |
| Rate range | 5.875%–12% | 9.5%–12% |
| Points | 1–3 pts | 1–3 pts |
Where they actually differ
Kiavi sets its DSCR floor at 0.80; RCN Capital wants 1.00. A property that clears the lower bar but not the higher one is exactly what this difference decides.
Kiavi quotes a 7-14 days typical close; RCN Capital quotes 10-21 days typical. On a competitive acquisition that gap can be the whole decision.
Both set the same 660 minimum credit score, so this isn't where the two split.
Leverage: Kiavi tops out at 80% LTV / 95% LTC, against 80% / 90% at RCN Capital. More leverage means less cash to close and a thinner equity cushion — which side of that trade matters depends on how much cash the deal has to begin with.
Kiavi
An investor evaluating Kiavi's 49-state rental program while Figure integrates it, who can qualify at a 0.80 DSCR floor and 660 credit score
RCN Capital
An LLC-titled investor with a 660+ credit score and a fully-qualifying 1.00 DSCR, financing a larger or multi-property rental deal across RCN's 44-state footprint